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Family Dollar 8016 Ridge St

8,800 SF Retail Building Pollock, LA 71467 $1,781,449 CAD ($202 CAD/SF) 7% Cap Rate

Investment Highlights

  • Long Term Lease
  • Double Net Lease
  • Dominant Market-Share Location
  • Attractive Rent Increases
  • Investment Grade Credit
  • Strategic Retail Location

Executive Summary

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a freestanding Family Dollar investment property located at 8016 Ridge Street in Pollock, Louisiana (the “Property”). Family Dollar has occupied this build-to-suit location since 2020 and has 7 years remaining on their lease with six (6), 5-year renewal options. The lease features attractive rent increases at the start of each renewal option. Family Dollar is positioned at the intersection of Ridge Street (US Highway 165) and Howard Street the area’s primary commercial and commuter corridors. The newer construction building benefits from outstanding visibility and frontage and is just 0.2-miles from the Pollock Municipal Buildings (Town Hall, Police Department, Library and US Post Office) and 0.4-miles from both the Pollock Elementary School. Family Dollar, along with a Dollar General, serve as the primary shopping destinations within the town. Pollock is located in central Louisiana approximately 15-miles north of Alexandria, the closest city, and approximately 105-miles from Lafayette, 110-miles from Shreveport, and 125-miles from Baton Rouge.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,800 SF
Building Class
B
Year Built
2020
Price
$1,781,449 CAD
Price Per SF
$202 CAD
Cap Rate
7%
NOI
$124,681 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.31
Lot Size
0.66 AC
Parking
21 Spaces (2.39 Spaces per 1,000 SF Leased)
Frontage
110 ft on Ridge Street

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 0800033590
  • 0800108664
Land Assessment
$8,221 CAD
Improvements Assessment
$129,822 CAD
Total Assessment
$138,043 CAD
  • Listing ID: 27933100

  • Date on Market: 2023-03-09

  • Last Updated:

  • Address: 8016 Ridge St, Pollock, LA 71467

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